dmg events: Gastech 2026 in Bangkok Converts Global Energy Ambition into Billions of Dollars in Deals

GE Aerospace acquired CPP for $11.75 billion to address a production bottleneck. The company reported a 50% year-over-year increase in GEnx engine deliveries in Q2, with expectations of further growth. However, GE expects other aerospace manufacturing constraints to persist, limiting overall delivery volumes. The deal is seen as a targeted solution rather than a broad fix for industry-wide capacity issues.

GE Aerospace acquired castings supplier CPP for $11.75B to address supply-chain constraints. CFO Rahul Ghai stated this deal is unique and not a model for broader vertical integration. The company expects improved delivery performance and production expansion. GEnx engine deliveries rose 50% YoY in Q2, with continued growth anticipated. GE also revised its aircraft retirement rate estimate for CFM56 engines downward.

GE Vernova (GEV) shares rose 2.3% to $946.45 after resolving a $1.3B contract dispute with Vineyard Wind. The settlement terms are confidential, leaving uncertainties about financial recovery. The project can now supply over 400,000 homes, but GEV's financial strength and profitability remain weak according to GuruFocus.

Vineyard Wind and GE Vernova settled their legal dispute, dismissing all claims. GE Vernova withdrew its contract termination notice. Vineyard Wind claims all turbines can produce power, but output data shows a decrease in Q2. Settlement terms are confidential.

Vineyard Wind and GE Vernova settled a legal dispute over a $4.5 billion New England wind farm project. GE Vernova withdrew its termination notice and dropped an appeal, while both parties dismissed pending claims. The project began operations in February, with GE Vernova claiming it was owed $360 million under its $1.3 billion contract.

GE Renewables and Vineyard Wind settled a dispute over $300M in payments for defective turbine blades. The issue stemmed from a 2024 incident where a blade fell into the sea, causing debris on nearby beaches. The project, valued at $4.5B, was nearly complete when the dispute arose.